Paysafe rises on smaller Q1 loss

Paysafe

16/05/2023 13:42

** Shares of payment platform Paysafe Limited  PSFE.N  up
3.5% at $15 before the bell
    ** Posts Q1 net loss attributable to co of $3.8 mln,
compared with loss of $1,171.2 mln last year
    ** Smaller net loss reflects an impairment of goodwill
recognized in the prior-year period - PSFE
    ** Reports 5% increase in quarterly revenue to $387.8 mln,
beating analysts' estimates of $377.5 mln - Refinitiv IBES data
    ** Posts adjusted profit of 54 cents while analysts on an
average expected a loss of 5 cents
    ** In addition, reaffirms 2023 revenue forecast between
$1,580 mln and $1,600 mln
    ** As of last close, PSFE shares down ~33.5% YTD

 (Reporting by Aatrayee Chatterjee in Bengaluru)
 ((aatrayee.chatterjee@thomsonreuters.com))